YONDENKO CORPORATION, The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 7% Increase, Adds to Record High Profit

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Thu Oct 31, 2024 4:30 pm JST Earnings

1939 YONDENKO CORPORATION 【J-GAAP】

Earnings Report

YONDENKO CORPORATION <1939> [TSE-P] announced its financial results after the market closed on October 31st (16:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 4.76 billion yen, an increase of 47.3% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward by 15.4%, from the previous forecast of 6.5 billion yen to 7.5 billion yen (compared to 7.01 billion yen in the previous period), record profits reach two consecutive terms, turning to a 7.0% increase in the consolidated ordinary profit outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease by 27.6% from the same period last year to 2.73 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 100 yen to 120 yen (compared to 140 yen before the 1-to-3 stock split in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 46.3% from the same period last year, reaching 2.92 billion yen. The operating profit margin improved from 8.9% in the same period last year to 10.5%.

Kabutan News

Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Sep, 2022	38,809	1,430	1,689	1,061	22.5	30.3	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	41,024	3,005	3,238	2,138	45.3	46.2	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	49,618	4,545	4,768	2,745	58.1	63.6	Oct 31, 2024	J-GAAP
YoY	+20.9%	+51.2%	+47.3%	+28.4%	+28.4%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	ー	ー	ー	ー	－	25	Jul 31, 2024	J-GAAP
Apr - Sep, 2024 Results	49,618	4,545	4,768	2,745	58.1	30	Oct 31, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	100,000	6,000	6,500	4,000	84.6	50	Jul 31, 2024	J-GAAP
Mar, 2025 New	105,000	7,000	7,500	4,600	97.3	60	Oct 31, 2024	J-GAAP
Revision Rate	+5.0%	+16.7%	+15.4%	+15.0%	+15.0%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	51,088	3,439	3,774	2,433	51.5	26.67	Apr 26, 2024	J-GAAP
Oct - Mar, 2024 Guidance	55,382	2,455	2,732	1,855	39.2	30	Oct 31, 2024	J-GAAP
YoY	+8.4%	-28.6%	-27.6%	-23.8%	-23.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	89,120	4,970	5,567	3,764	79.8	30	Apr 27, 2023	J-GAAP
Mar, 2024	92,112	6,444	7,012	4,571	96.7	46.67	Apr 26, 2024	J-GAAP
Mar, 2025 Guidance	105,000	7,000	7,500	4,600	97.3	60	Oct 31, 2024	J-GAAP
YoY	+14.0%	+8.6%	+7.0%	+0.6%	+0.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	20,740	1,856	1,999	1,335	28.3	8.9	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	22,037	1,347	1,416	924	19.6	6.1	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	29,051	2,092	2,358	1,509	31.9	7.2	Apr 26, 2024	J-GAAP
Apr - Jun, 2024	23,280	1,790	1,843	1,215	25.7	7.7	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	26,338	2,755	2,925	1,530	32.4	10.5	Oct 31, 2024	J-GAAP
YoY	+27.0%	+48.4%	+46.3%	+14.6%	+14.6%